X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Alex Allison (left) and Dustin Abney (right)

The Airbnb economy is evolving to be more like the hospitality industry, and as demand increases for vacation rentals, hospitality mainstays are adopting the Airbnb model. While the alternative rental industry has evolved substantially over the last decade, the market will continue to evolve for the next five years with an increase in institutional ownership, asset class creation, and hospitality. This year, the revenue is expected to reach $30 billion.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.